Liberty Christian School Inc
- Assets
- $800.6k
- Revenue
- $361.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Chippewa Falls, WI
- Founding
- 03/1990
- Data as of
- 06/2023
- EIN
- 39-1643660
Organization Overview
Liberty Christian School Inc is located in Chippewa Falls, WI. The organization was established in 1990. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 06/2023, Liberty Christian School Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Liberty Christian School Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Liberty Christian School Inc generated $361.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 63.0% each year . All expenses for the organization totaled $284.2k during the year ending 06/2023. While expenses have increased by 31.3% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE SCHOOL FOR GRADES 5TH-12TH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALARY AND WAGES
OTHER
PAYROLL TAXES
OCCUPANCY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Spate President | Trustee | 1 | $0 |
Tara Spate Officer | Officer | 1 | $0 |
Nate Spate Officer | Officer | 1 | $0 |
Seth Spate Officer | Officer | 2 | $0 |
Patricia Spate Vice President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,045 |
| Related organizations | $0 |
| Government grants | $218,373 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,743 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $255,161 |
| Total Program Service Revenue | $103,534 |
| Investment income | $2,972 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $361,667 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $103,340 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,500 |
| Payroll taxes | $26,974 |
| Fees for services: Management | $17,253 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,732 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,231 |
| Advertising and promotion | $0 |
| Office expenses | $5,055 |
| Information technology | $1,711 |
| Royalties | $0 |
| Occupancy | $35,260 |
| Travel | $8,530 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $11,453 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,909 |
| All other expenses | $0 |
| Total functional expenses | $284,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,716 |
| Savings and temporary cash investments | $225,651 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,012 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $555,172 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $800,551 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $100 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $220,000 |
| Secured mortgages and notes payable | $316,850 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $367 |
| Total liabilities | $537,317 |
| Net assets without donor restrictions | $263,234 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $800,551 |